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20121214
20121214
STATION
KTVU (FOX) 1
LANGUAGE
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with its website. on the ipo watch, solar power company solar city had a sunny first day of trading. after cutting its ipo price to $8, shares traded near $11.15 before closing up 47% at $11.79. pbf energy also had a good first day on the market. shares of the refinery company rose 1% following an ipo price of $26 a share. shares yesterday closed at $26.25. hundreds of cars damaged by superstorm sandy are on the way to crushers. others may wind up on used car lots. while it's not illegal to buy or sell flood-damaged vehicles, it is if the buyer is unaware. the national insurance crime bureau is trying to avoid the repeat of flooded cars on the market that followed hurricane katrina. "we've seen it in every water event in the past, so its very likely that some will make it back out into the commerce stream. even if it's one case, it's one too many. " frank scafidi of the national insurance crime bureau says its worth a vin check at nicb.org or have a mechanic look the car over before you buy. other clues to flood damage: mud or water trapped in the spare tire, condensation under the light
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